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Jan 28, 2013
01/13
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and i think at some point in time you've got to get the euro down to the dollar, to a weaker euro, mainly to help for exports and to help spur growth, which is exactly what new prime minister is trying to do in japan. and i think one of things i want to mention that he is very i think is going to push and i think is very correct is trade within asia. and he's got to opportunities. what has been there on the table for a while and is clouded by territorial disputes, which would be japan, korea and china. and i think that it's very important that this go ahead with the second and third largest economies and the 10th largest economy in korea in the world. and he has said he really wants to move ahead on the. so i really hope so but, of course, it's clouded by these territorial disputes. the other is something, and trade as was mentioned as a subject that terry mcgraw has shown tremendous leadership and over the last decade. and we now have something new on the table, not so new was announced almost two years ago, which is the trans-pacific partnership. and i think japan should be part of that
and i think at some point in time you've got to get the euro down to the dollar, to a weaker euro, mainly to help for exports and to help spur growth, which is exactly what new prime minister is trying to do in japan. and i think one of things i want to mention that he is very i think is going to push and i think is very correct is trade within asia. and he's got to opportunities. what has been there on the table for a while and is clouded by territorial disputes, which would be japan, korea...
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Jan 27, 2013
01/13
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CSPAN2
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and i think there will be a euro. the question is what it'll look like and what the membership will be. because, you know, originally there was a big school of thought saying that the euro just should have been the northern tier of the membership. it shouldn't have taken in the so-called southern tier countries that have problems. and the next year or two, i think, are really key. and this idea of complacency, and i've had some talks -- actually, he was good enough to buy my book last year and read it, and we've discussed it. i was with him a month ago, and i think he's one of the more thoughtful people in the bureaucracy in brussels. and i think that when he starts talking about complacency, and i should say younger came out, also, and talked about his concern on the value of the euro vis-a-vis the dollar. my point on exports. so i think we're very far from where a lot of members of the marketplace are that, you know, the worst is over for europe, don't worry, it's just a matter of time. >> [inaudible] >> did everyon
and i think there will be a euro. the question is what it'll look like and what the membership will be. because, you know, originally there was a big school of thought saying that the euro just should have been the northern tier of the membership. it shouldn't have taken in the so-called southern tier countries that have problems. and the next year or two, i think, are really key. and this idea of complacency, and i've had some talks -- actually, he was good enough to buy my book last year and...
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Jan 3, 2013
01/13
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KCSMMHZ
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the damages were estimated at about 38 billion euro. that met sandy accounted for about one-third of the worldwide economic damage. in 2012, a record drought hitting farms in the american midwest. they accounted for damages of more than 15 billion euro. natural disasters hit the u.s. harder than any other country in 2012. the biggest hit was from an earthquake in italy in damages exceeded 12 billion euro. devastation causing devastation and tornadoes in the u.s. left quite the cleanup bill. in human terms, the more than 1000 people who died during the typhoon in indonesia made it the worst event of 2012. >> as part of our special series on stories that will dominate the news, we'll look at sovereign debt. united states has stepped away from their fiscal cliff, but the basic problem has not gone away. >> in europe and japan also, and the immediate sense of crisis has eased on both sides of the atlantic, the long-term challenges are daunting, especially when you combine debt and an aging society. >> the united states stumbles from one edg
the damages were estimated at about 38 billion euro. that met sandy accounted for about one-third of the worldwide economic damage. in 2012, a record drought hitting farms in the american midwest. they accounted for damages of more than 15 billion euro. natural disasters hit the u.s. harder than any other country in 2012. the biggest hit was from an earthquake in italy in damages exceeded 12 billion euro. devastation causing devastation and tornadoes in the u.s. left quite the cleanup bill. in...
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Jan 20, 2013
01/13
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KRCB
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he paid some 100,000 euros but only got a bear shell. the managers took the money out of the construction company and let it go bankrupt. he had to sink another $100,000 into finishing the house. but that was not all. he feels cheated by the bankruptcy trustee who required him to pay another $100,000 to free the house from bankruptcy. that ruined him. >> i have to come up with some 100,000 euros for the house every month. those are the installments i have to pay for another 15 or 20 years with interest on top. so there's no question of retirement. my son supports me, so i can come up with the money. but we might end up having to sell the house because we are running out of money. and we are running out of the energy to scrape it together every month. emma the president's new year speech from the prague castle, residents of the czech presint out rage -- >> the president's new year speech. it took nearly half a second to mention the amnesty. one of every four prisoners in the czech republic walk free. 6000 people altogether. and several ca
he paid some 100,000 euros but only got a bear shell. the managers took the money out of the construction company and let it go bankrupt. he had to sink another $100,000 into finishing the house. but that was not all. he feels cheated by the bankruptcy trustee who required him to pay another $100,000 to free the house from bankruptcy. that ruined him. >> i have to come up with some 100,000 euros for the house every month. those are the installments i have to pay for another 15 or 20 years...
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Jan 6, 2013
01/13
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CNNW
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first, america is not as exposed as britain to the euro zone. second, although i'm as big an english patriot as anatole i don't think we have the kind of muscle to borrow on favorable terms as the americans. i think it's a very easy sometimes for the brits to encourage the americans to have a very fiscal policy, but at the same time, be very supportive of the current austerity program in britain. two not easily reconcilable positions. >> thank you so much. >>> and we will be back. ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive system. try the #1 gastroenterologist recommended probiotic. align. >>> 100,000 dead. that is the gruesome total we could see in syria's civil war in 2013. unless the violence is stopped. that's according to the u.n. envoy brahimi and that's on top of at least 60,000 people who have already been killed in t
first, america is not as exposed as britain to the euro zone. second, although i'm as big an english patriot as anatole i don't think we have the kind of muscle to borrow on favorable terms as the americans. i think it's a very easy sometimes for the brits to encourage the americans to have a very fiscal policy, but at the same time, be very supportive of the current austerity program in britain. two not easily reconcilable positions. >> thank you so much. >>> and we will be...
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Jan 29, 2013
01/13
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brussels is not amused, not least because the euro crisis is far from over. now europe is looking for ways to more effectively track down and penalize tax dodgers. in italy, tax collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better for them. that is putting pressure on ordinary italians, especially small and medium-size companies. >> it was a spectacular protest against italy's new tax laws. the owner of a small beach bar scaled the dome of st. peter's basilica in rome and stayed put for some 24 hours. when he climbed back down, he was greeted by a cheering crowd. [applause] >> i really hope this tax issue is resolved soon and our small businesses as well as the whole economy can pick up again, at least a little. >> the tax measures by italy's technocrat government under the prime minister are another weapon in the country's never- ending fight against tax evasion. the so-called financial police is se
brussels is not amused, not least because the euro crisis is far from over. now europe is looking for ways to more effectively track down and penalize tax dodgers. in italy, tax collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better for them. that is putting pressure on ordinary italians, especially small and medium-size companies....
WHUT (Howard University Television)
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Jan 28, 2013
01/13
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WHUT
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we need firm rules for who can be in the euro and who can be out of the euro and what conditions they have to meet to make those transitions. and we need some sort of fiscal architecture to protect the euro against these enormous issuances of unsustainable debt. >> unfortunately, since that feels quite far away from where we're standing right now, we must contemplate the worst case scenario, which would be one country leaving the euro followed by several others. a complete collapse of confidence in the european project and the eurozone project, losing several banks, people on the streets, riots. (singing) (instrumental music) >> the u.s. treasury secretary tim geithner, concerned about the eurozone crisis, sought a meeting with the german finance minister wolfgang schauble on his holiday. in a statement, they said there was a need for global cooperation to resolve debt problems. >> as the european union's greatest ally and trading partner, what can the u.s. do to prevent a break up? >> well the eurozone is of course america's leading trade partner. and as a consequence, if the eurozon
we need firm rules for who can be in the euro and who can be out of the euro and what conditions they have to meet to make those transitions. and we need some sort of fiscal architecture to protect the euro against these enormous issuances of unsustainable debt. >> unfortunately, since that feels quite far away from where we're standing right now, we must contemplate the worst case scenario, which would be one country leaving the euro followed by several others. a complete collapse of...
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Jan 2, 2013
01/13
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CNBC
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>> i think euro/sterling's on a five-year trade lower. i think -- i think it does go lower this year. in the next two weeks, i think both euro and sterling do better against the dollar pretty much in tandem. >> yeah. there is this view that u.k.'s heading for its own downgrade. it's going to lose its aaa status. >> yeah. we have more of -- the u.s. is the world's number-one reserve currency, has natural forced buyers of its bonds. and you know poke its nose at the ratings agencies. i'm not sure the u.k. can to the same extent. >> if you're saying there's a yield story there and you want a relative safe haven, then guilds are 1.9%, better than, you know, other things yielding less. >> yes. >> if you want that relative security. >> and we have relatively higher rates. we will continue to have some. when i go to investors about sterling in london, i can talk to private banks all over the west end who have wealthy individuals looking to "fast money" into the pound. and shows who want to go to the pound because i think the credit rating's out
>> i think euro/sterling's on a five-year trade lower. i think -- i think it does go lower this year. in the next two weeks, i think both euro and sterling do better against the dollar pretty much in tandem. >> yeah. there is this view that u.k.'s heading for its own downgrade. it's going to lose its aaa status. >> yeah. we have more of -- the u.s. is the world's number-one reserve currency, has natural forced buyers of its bonds. and you know poke its nose at the ratings...
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Jan 7, 2013
01/13
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CNBC
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euro/dollar, just above 1.30. it was just below it at the low point last week. a survey by reuters says economists are starting the year 2013 in a relatively optimistic mood. i wonder whether the key word is relative. how were they last year? >> what we're seeing in this survey is that opt on mimp has picked up quite a bit in the last six months. looking behind the headline numbers, what seems to have happened is there's a pretty big fact in expectations of the break-up of a single currency. a year ago, that was a dominant concern. there's more confidence about the outlook for growth in the uk and europe, as well. >> and despite that relative change of optimism, there's still incentives, though? >> yeah. >> it's not going to translate into any big action? >> what we've seen with the survey is that sentiment really does seesaw on the basis of what's happening in the macro economy. so you get a shocking europe and sentiment tanks. you get good news from europe and sentiment picks up. what we've found is that the strategies that companies are actually following, mu
euro/dollar, just above 1.30. it was just below it at the low point last week. a survey by reuters says economists are starting the year 2013 in a relatively optimistic mood. i wonder whether the key word is relative. how were they last year? >> what we're seeing in this survey is that opt on mimp has picked up quite a bit in the last six months. looking behind the headline numbers, what seems to have happened is there's a pretty big fact in expectations of the break-up of a single...
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Jan 6, 2013
01/13
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CNNW
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first, america is not as exposed as britain to the euro zone. second, although i'm as big an english patriot as anatole i just don't think we have the kind of muscle to be able to borrow on such favorable terms as the americans. i think that it's very easy sometimes for the brits to encourage the americans to have expansionary fiscal policy, but at the same time be very supportive of the current austerity program in britain. two not easily reconcilable positions. pleasure to have you. thank you so much. >> and we will be back. >>> 100,000 dead. that is the gruesome total we could see in syria's civil war in 2013. unless the violence is stopped. that's according to the u.n. envoy brahimi and that's on top of at least 60,000 people who have already been killed in this conflict, according to an exhaustive analysis released by the u.n. this week. meanwhile, russia, perhaps the potential savior in the crisis, continues to refuse to act. so, what is the solution? joining me now is fawaz gerges professor of middle eastern politics at the london school
first, america is not as exposed as britain to the euro zone. second, although i'm as big an english patriot as anatole i just don't think we have the kind of muscle to be able to borrow on such favorable terms as the americans. i think that it's very easy sometimes for the brits to encourage the americans to have expansionary fiscal policy, but at the same time be very supportive of the current austerity program in britain. two not easily reconcilable positions. pleasure to have you. thank you...
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Jan 2, 2013
01/13
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KCSMMHZ
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check out the euro stoxx 50. the dow jones is lapping up the attention. the euro is trading down at the moment. >> now to other news, portuguese -- the president of portugal has asked the country's constitutional court to review the government's disputed budget for this year. he said he was concerned about whether it fairly distributes the burdens of portugal's economic reforms. it includes tax increases and welfare cuts. he signed the budget, despite opposition. he said that was to avoid harming the country's economy. >> the economic exports and the chancellor have warned about of times ahead. when you look at the nation's unemployment, the picture looks pretty good. >> 2012 ended with more people working than ever before, and that after six years of consecutive games. >> the number of people in worked in germany is higher than ever, despite soaring unemployment in many other european countries. new figures show a stable german job market. the number of employed has been rising steadily. in 2012, 41.5 million people were employed. there are signs that th
check out the euro stoxx 50. the dow jones is lapping up the attention. the euro is trading down at the moment. >> now to other news, portuguese -- the president of portugal has asked the country's constitutional court to review the government's disputed budget for this year. he said he was concerned about whether it fairly distributes the burdens of portugal's economic reforms. it includes tax increases and welfare cuts. he signed the budget, despite opposition. he said that was to avoid...
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Jan 16, 2013
01/13
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CNBC
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that's having that impact on euro/dl euro/-- eauro/dollar. and saying that it was too strong -- >> maybe because ewald nowotny was in front of a green markets. psychological. >>> we want to look at companies around the globe which are starting to outline and deploy theirity budgets for 2013. a new survey for from gartner of more than 2,000 cios in 41 countries finds plans for total spend down .5% in 2013 with digital technology, mobile devices and cloud computing, among their top priorities. joining us in a first look at the survey is mark mcdonald, group vice president of gartner's executive programs. mark, good morning. so down half a percent. let's start there. this actually is a continuation of a long-term trend. is it a headwind for tech companies? >> well, it's not so much of a headwind as much as a realization that there needs to be a transition from what i.t. has been to what technology needs to be in the future. across those, you know, 36 different industries, we see organizations kind of moving from technology kind of tending to cur
that's having that impact on euro/dl euro/-- eauro/dollar. and saying that it was too strong -- >> maybe because ewald nowotny was in front of a green markets. psychological. >>> we want to look at companies around the globe which are starting to outline and deploy theirity budgets for 2013. a new survey for from gartner of more than 2,000 cios in 41 countries finds plans for total spend down .5% in 2013 with digital technology, mobile devices and cloud computing, among their top...
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Jan 14, 2013
01/13
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KCSMMHZ
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the euro is dire 0-- higher. the german social democrats are hoping to turn around their falling support in opinion polls by announcing a plan to crack down on income tax evasion by higher earners. the party is planning to make the issue a top campaign topic in the national elections that are taking place letter -- later this year. >> they have been meeting and they and build that plant, which even some inside the party say will not raise -- been meeting and they unveiled that plan, which even some inside the party say will not raise support. >> the social democrat challenger for chancellor says this must stop. >> if the vast majority of german taxpayers feel as if they are the stupid ones for being honest about paying taxes, it begs the question how just is the system in this country. >> the social democrats are calling for a number of measures, including rescinding the licenses of banks accused of systematically helping tax dodgers. they want to create a central authority to investigate tax fraud and harmonize
the euro is dire 0-- higher. the german social democrats are hoping to turn around their falling support in opinion polls by announcing a plan to crack down on income tax evasion by higher earners. the party is planning to make the issue a top campaign topic in the national elections that are taking place letter -- later this year. >> they have been meeting and they and build that plant, which even some inside the party say will not raise -- been meeting and they unveiled that plan, which...
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Jan 14, 2013
01/13
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and euro slshl dollar, 1.3385. we have been up to 1.34. the high not since march, but since february 2012. that is where we stand right now in europe. serb won has more for us from asia. >> asian markets mostly in the green today as the clear outperformer is china's shanghai composite jumping a stunning 3% today. the index hit a seven-month high on talking about increasing the quota. investors are filling up ahead of the 2012 gdp data due out later this week. if you'll recall, late last week, growth could come in at 7.7%, surpassing beijing's target of 7.7%. so financials and military stocks were the biggest winner necessary today's rally. strengthening mainland blue chips helped boost the sang second higher by .6%. the globals porter li & fug dropped today. the yen has softened to a 2 1/2 year low. elsewhe elsewhere, south korea's kospi add .5% today. australia's asx 200 finished marginally in the green and india's sensex just touched off gaining a strong 1.4%. back to you. >> all right. thanks for that, sish we know. have a good evening
and euro slshl dollar, 1.3385. we have been up to 1.34. the high not since march, but since february 2012. that is where we stand right now in europe. serb won has more for us from asia. >> asian markets mostly in the green today as the clear outperformer is china's shanghai composite jumping a stunning 3% today. the index hit a seven-month high on talking about increasing the quota. investors are filling up ahead of the 2012 gdp data due out later this week. if you'll recall, late last...
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Jan 14, 2013
01/13
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LINKTV
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the euro is dire 0-- higher. the german social democrats are hoping to turn around their falling support in opinion polls by announcing a plan to crack down on income tax evasion by higher earners. the party is planning to make the issue a top campaign topic in the national elections that are taking place letter -- later this year. >> they have been meeting and they and build that plant, which even some inside the party say will not raise -- been meeting and they unveiled that plan, which even some inside the party say will not raise support. >> the social democrat challenger for chancellor says this must stop. >> if the vast majority of german taxpayers feel as if they are the stupid ones for being honest about paying taxes, it begs the question how just is the system in this country. >> the social democrats are calling for a number of measures, including rescinding the licenses of banks accused of systematically helping tax dodgers. they want to create a central authority to investigate tax fraud and harmonize
the euro is dire 0-- higher. the german social democrats are hoping to turn around their falling support in opinion polls by announcing a plan to crack down on income tax evasion by higher earners. the party is planning to make the issue a top campaign topic in the national elections that are taking place letter -- later this year. >> they have been meeting and they and build that plant, which even some inside the party say will not raise -- been meeting and they unveiled that plan, which...
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Jan 30, 2013
01/13
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CNBC
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euro/dollar above 135. the 14-month high for euro/dollar. and dollar/yen 91.17. a two-year high this morning. we heard jillian gillard talk being the aussie dollar, down at 104.36. hasn't done a lot of on that news. and we have the latest out of singapore. >>> thank you, ross. a positive day for asian borses with the weaker yen pushing the nikkei higher by over 2% to close above the 11,000 level for the first time in nearly three years. yahoo! japan jumped 17% today, too, some four-year high after the share buyback plan and lifted its full-year operating profit in dividend forecasts. >>> in china the shanghai composite extended a three-day winning streak ending higher by 1%. beijing announced new measures to open its stock market to taiwan, boosting sentiment. the property index jumped 2% lifted by talk that beijing is willing to tolerate mild home price increases. hong kong gained % helped by china-related counters in the gaming sector. lenovo retreated 2.7% ahead of earning. after the bell, the p.c. maker reported another record quarter in both sales and earnin
euro/dollar above 135. the 14-month high for euro/dollar. and dollar/yen 91.17. a two-year high this morning. we heard jillian gillard talk being the aussie dollar, down at 104.36. hasn't done a lot of on that news. and we have the latest out of singapore. >>> thank you, ross. a positive day for asian borses with the weaker yen pushing the nikkei higher by over 2% to close above the 11,000 level for the first time in nearly three years. yahoo! japan jumped 17% today, too, some...
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Jan 11, 2013
01/13
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CNBC
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euro/dollar, 11.3260. let's bring you up to speed with the asian trading session today as they wrap up the week. li sixuan joins us for the first time today. >> thanks, ross. japan was a clear outperformer after shinzo abe unveiled his massive stimulus plan. and the nikkei gained 1.4% today. just to put it into context, this index is up for the ninth straight week, its longest winning streak since late 1988. shares of stocks surged to nearly 5% after the operator of clothing chain unicore raised its full year guidance. but hotter than expected cpi data from china put new pressure on the shanghai deposit. there will be more curbs to taint housing prices. meanwhile, weakness in china's blue chips dropped the hang seng lower. but hsbc did lend some support after the bank said yesterday that the plan to sell its stake to citigroup was still on track. korean automakers took a hit after the korean won climbed to a 17-month high. the kospi finished lower by .5%. in australia, miners lost out as a cyclone affected
euro/dollar, 11.3260. let's bring you up to speed with the asian trading session today as they wrap up the week. li sixuan joins us for the first time today. >> thanks, ross. japan was a clear outperformer after shinzo abe unveiled his massive stimulus plan. and the nikkei gained 1.4% today. just to put it into context, this index is up for the ninth straight week, its longest winning streak since late 1988. shares of stocks surged to nearly 5% after the operator of clothing chain unicore...
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Jan 4, 2013
01/13
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CNBC
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euro/dollar, down to 1.30. the aussie dollar is weaker is sterling is also down against the greenback. we were proep probing above 1.63 a couple of minutes ago. they said so the fed comments pretty much dominating today's market session. speaking earlier, principal investor jim corcoran suggested that qe hasn't been particularly effective. >> what we are actually seeing now, i think in terms of the fed comments is, you know, within a year or so we might start buying bonds, we might not need to put any qe into the economy. i doubt whether qe created the growth in the u.s. economy. i think it was a turn in the housing market. it was cheap energy and an improvement in u.s. manufacturing. but nevertheless, i think you are seeing for fundamental reasons have pretty good strength in the u.s. >> well, that was jim's view. chris, what do you take away from the minutes yesterday? it had a big impact on the dollar, pushing benchmark yields higher, as well. i think we have to be contextualizing what comes out for minute s
euro/dollar, down to 1.30. the aussie dollar is weaker is sterling is also down against the greenback. we were proep probing above 1.63 a couple of minutes ago. they said so the fed comments pretty much dominating today's market session. speaking earlier, principal investor jim corcoran suggested that qe hasn't been particularly effective. >> what we are actually seeing now, i think in terms of the fed comments is, you know, within a year or so we might start buying bonds, we might not...
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Jan 17, 2013
01/13
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CNBC
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on the currency markets, euro/dollar, the euro has been up to 30-month highs against the swiss franc. trying to crawl back some gains. dollar/yen, 88.84. today the yen is a little weaker today on japanese reports minister's saying he was regretful his comments will be misinterpreted. aussie/dollar, 1.0517. we begin to focus on what's going on in rio. let's bring you up to speed with the rest of the news out of asia. li sixuan joins us for the first time out of singapore. >> thank you, ross. asian markets finished on a difficult note. the shanghai composite lost about 1% today, extending losses for the second day after krit swiss downgraded china life. the hang seng ending lower by a touch. no curbs were introduced by the executive yesterday. taiwan's taex is down over 1% led by technology shares. tsmc shares ended a touch higher before its results of announce wantme wantments. it posted a 32% jump meeting forecasts. but the company expects q1 revenue to fall due to seasonal factors. elsewhere, the nikkei is finished just a tap higher. sharp shares jumped over 7% on the back of tv join
on the currency markets, euro/dollar, the euro has been up to 30-month highs against the swiss franc. trying to crawl back some gains. dollar/yen, 88.84. today the yen is a little weaker today on japanese reports minister's saying he was regretful his comments will be misinterpreted. aussie/dollar, 1.0517. we begin to focus on what's going on in rio. let's bring you up to speed with the rest of the news out of asia. li sixuan joins us for the first time out of singapore. >> thank you,...
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value would reduce euro zone's g.d.p. growth by zero point eight percent. when this competitive devaluation actually could affect the russian ruble or so some experts say here with me i have katie pilbeam who had an opportunity to speak with an expert on this today so what did he say while it was david gray from pricewaterhouse coopers russia and i really wanted to address a topic with him because he's taken the world by storm and he says that's the interesting enough but for the ruble i'm for russia it may. i'm a straight saw resilience. looking for the real to be relatively stable in the i think i don't see big drops in energy prices and i think a flat to moderate energy price and gives us a stable ruble so i think the ruble will tend to attract sideways this year and b if you think about the level of volatility we've experienced in the past even two thousand and twelve was a relatively stable year by historic standards and i think we'll have an and pricewaterhouse coopers they've also just released that business of a f
value would reduce euro zone's g.d.p. growth by zero point eight percent. when this competitive devaluation actually could affect the russian ruble or so some experts say here with me i have katie pilbeam who had an opportunity to speak with an expert on this today so what did he say while it was david gray from pricewaterhouse coopers russia and i really wanted to address a topic with him because he's taken the world by storm and he says that's the interesting enough but for the ruble i'm for...
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Jan 15, 2013
01/13
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KRCB
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euro europe's largest car maker shows sales above 9 million units. that's up 11% from the previous year. toyota was the biggest sell r through 2010. in 2011 it was left reeling by the disaster of flood. toyota officials forecast this year they will sell over 9.9 million units. let's take a look at what's happening this week on the global economic scene. on tuesday u.s. retail sales for december will come out. november sales rose 0.3% from the previous month underscoring a recovery in personal spending. the consumer price index is due out on wednesday. the cpi dipped 3% from october. that was the first decline in six months. the fed beige book on regional u.s. economic activity will come out on the same day. the previous report noted the regional economy continue to gradually grow. in japan machinery orders will be released. this iortant gauge showed a 2.6 month on month increase in october. on friday china will announce gdp data for 2012 as well as for the whole year. between july and september gdp expanded 7.4% from a year earlier. now just a few mi
euro europe's largest car maker shows sales above 9 million units. that's up 11% from the previous year. toyota was the biggest sell r through 2010. in 2011 it was left reeling by the disaster of flood. toyota officials forecast this year they will sell over 9.9 million units. let's take a look at what's happening this week on the global economic scene. on tuesday u.s. retail sales for december will come out. november sales rose 0.3% from the previous month underscoring a recovery in personal...
SFGTV: San Francisco Government Television
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Jan 11, 2013
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pervasive just telling you the debt crisis is basically a crisis connected to the governments of the euro system that has hit some countries for some reasons. somewhat we were hit because of the sins of our past. we have been having -- we have had a relatively a sizable but stable debt for a long time, but the point is it's very manageable. we are reducing it pretty fast, very fast indeed, and also to reassure the investors if you put together the net household wealth of italians as compared to the debt of the government and the companies the ratio is three to one, so it's a matter of redistribution somehow. italians thanks to god are a wealtdy people and the matter is how we can put things into order in our household but definitely italy is a major stable solid economy, and once -- already there are signs of strong improvement. once this crisis is over we will definitely flex the muscles. please. >> [inaudible] are you planning show case any important architects and designers in this year of italian culture? >> definitely. i mean in san francisco there's a wonderful san francisco design
pervasive just telling you the debt crisis is basically a crisis connected to the governments of the euro system that has hit some countries for some reasons. somewhat we were hit because of the sins of our past. we have been having -- we have had a relatively a sizable but stable debt for a long time, but the point is it's very manageable. we are reducing it pretty fast, very fast indeed, and also to reassure the investors if you put together the net household wealth of italians as compared to...
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Jan 29, 2013
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euro/dollar, 11.3452. that's where we stand right now in european trade. no big directional movement. let's bring you up to speed with the asian session today. sixuan is with us out of singapore. >> hi, ross. a mixed day ahead of u.s. and china data and more corporate earnings. the shanghai composite gained 0.5%. brokerages fought for the second day as beijing may allow them to provide fund cuts to these services. but the hang seng finished just a touch below the line. look at hong kong listed stocks. it slipped 2% today after the $1 billion share fell down by goldman sachs which was placed at a 3% discount to yesterday's closing price. in japan, the nikkei gained 0.4%. nissan saw its shares move to the highest level in more than four years, 4 1/2 years, in fact. this after the automaker reached an agreement with daimler and ford to develop hydrogen powered cars. elsewhere, kospi snapped a four-day losing streak ending higher by 0.8%. samsung and hyundai rebounded strongly on bargain hunting. after the bell, posco reported a slump in its q4 profit so we'll
euro/dollar, 11.3452. that's where we stand right now in european trade. no big directional movement. let's bring you up to speed with the asian session today. sixuan is with us out of singapore. >> hi, ross. a mixed day ahead of u.s. and china data and more corporate earnings. the shanghai composite gained 0.5%. brokerages fought for the second day as beijing may allow them to provide fund cuts to these services. but the hang seng finished just a touch below the line. look at hong kong...
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Jan 8, 2013
01/13
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euro stoxx 50 down just slightly. across the atlantic, the dow also giving up some ground, trading at this hour at 13,324 points, and the euro trading at a value of $1.3080. the greek prime minister met in berlin tuesday with the german chancellor. he highlighted the enormous efforts being made by the people of greece to meet the conditions of its international bailout, and some 90 of by saying, "we are delivering. europe is helping." >> merkel -- merkel is praising athens' austerity drive and says the entire european union faces difficulty in the months ahead to overcome differences. >> a wet and blustery berlin awaited the greek prime minister. he was in the german capital awaiting a conference organized by the newspaper, but he also dropped in on chancellor merkel for what were described as informal talks. samaras said greece was still doing all it could to get its economic house in order. >> in greece, we are making enormous effort and great sacrifices to get things back on the right track. we are doing everything
euro stoxx 50 down just slightly. across the atlantic, the dow also giving up some ground, trading at this hour at 13,324 points, and the euro trading at a value of $1.3080. the greek prime minister met in berlin tuesday with the german chancellor. he highlighted the enormous efforts being made by the people of greece to meet the conditions of its international bailout, and some 90 of by saying, "we are delivering. europe is helping." >> merkel -- merkel is praising athens'...
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Jan 9, 2013
01/13
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euro stoxx 50 down just slightly. across the atlantic, the dow also giving up some ground, trading at this hour at 13,324 points, and the euro trading at a value of $1.3080. the greek prime minister met in berlin tuesday with the german chancellor. he highlighted the enormous efforts being made by the people of greece to meet the conditions of its international bailout, and some 90 of by saying, "we are delivering. europe is helping." >> merkel -- merkel is praising athens' austerity drive and says the entire european union faces difficulty in the months ahead to overcome differences. >> a wet and blustery berlin awaited the greek prime minister. he was in the german capital awaiting a conference organized by the newspaper, but he also dropped in on chancellor merkel for what were described as informal talks. samaras said greece was still doing all it could to get its economic house in order. >> in greece, we are making enormous effort and great sacrifices to get things back on the right track. we are doing everything
euro stoxx 50 down just slightly. across the atlantic, the dow also giving up some ground, trading at this hour at 13,324 points, and the euro trading at a value of $1.3080. the greek prime minister met in berlin tuesday with the german chancellor. he highlighted the enormous efforts being made by the people of greece to meet the conditions of its international bailout, and some 90 of by saying, "we are delivering. europe is helping." >> merkel -- merkel is praising athens'...
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Jan 28, 2013
01/13
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the euro/dollar, weaker by 0.1%. 1.3453 is that level. yen, of course, this is down by about 0.2% to 90.70. we were looking at that 91 level earlier. for more on what's been happening across asia and especially in japan, let's get straight out to will i sixuan. she joins us now from sing pore. >> thank you, kelly. a lot of focus, indeed, on shinzo abe's first policy speech where he continued to pressure the boj to achieve the 2% inflation target as soon as possible. earlier today, the new cabinet raised the country's growth forecast to 2.5% a year from april. but the nikkei saw some profit taking today after touching a fresh 32-month high. question over domestic earnings weighed on sentiment. despite winning back the world's top sales crown from general motors, they didn't get a lift. but sony shares jumped 9% after citigroup's upgrade and on reports that china is considering ending a decade-long ban on video game consoles. sentiment boosted by news that chinese industrial profit climbed to 17% in december from a year ago. brokerages rall
the euro/dollar, weaker by 0.1%. 1.3453 is that level. yen, of course, this is down by about 0.2% to 90.70. we were looking at that 91 level earlier. for more on what's been happening across asia and especially in japan, let's get straight out to will i sixuan. she joins us now from sing pore. >> thank you, kelly. a lot of focus, indeed, on shinzo abe's first policy speech where he continued to pressure the boj to achieve the 2% inflation target as soon as possible. earlier today, the new...
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Jan 5, 2013
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the match in nuremberg will cost about 1 million euros, but organizers hope " pay off. >> believe it will be able to -- a the league will be able to profit from this, too. we hope to have more soccer games. >> and for the crowd, it is a once-in-a-lifetime experience. >> will be back with more news and sports at the top of the hour. stay with us. stay with us. >> these night owls, work for the sanitation
the match in nuremberg will cost about 1 million euros, but organizers hope " pay off. >> believe it will be able to -- a the league will be able to profit from this, too. we hope to have more soccer games. >> and for the crowd, it is a once-in-a-lifetime experience. >> will be back with more news and sports at the top of the hour. stay with us. stay with us. >> these night owls, work for the sanitation
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Jan 23, 2013
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this is -- euros is here is on they. this is clear. bnp paribas has a ratio of 9.5%, which is best in class. we're -- we adapted very much to the new requirements and liquidity requirements. we're fully prepared to serve our customers. the essence of banking definitely is to finance the economy, serve the customers, individual customers, smes are very important. this is what we are committed to. and we are -- we're going to do it every single day of this year and next year. >> you talk about the role of a bank is to finance the economy. how much of a win was it then that we've pushed back in production from -- >> in terms of liquidity rate? >> yes. >> even if pushed we're going to comply with the new scr sooner rather than later. as for capital, you know, the new capital requirements was officially for 2018. as bnp parabas, we're complying as of this year. i think that the phasing in is something that then the industry -- certainly we've been moving ahead and have tried to anticipate things and move ahead. >> and you mentioned the bene
this is -- euros is here is on they. this is clear. bnp paribas has a ratio of 9.5%, which is best in class. we're -- we adapted very much to the new requirements and liquidity requirements. we're fully prepared to serve our customers. the essence of banking definitely is to finance the economy, serve the customers, individual customers, smes are very important. this is what we are committed to. and we are -- we're going to do it every single day of this year and next year. >> you talk...
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for maximum presidential campaign expenditure and it's twenty two million euros fifty million that's more than double what so this left over money certainly didn't go towards a campaign but instead ended up in someone's pocket but tangible proof is needed as of now there is only a statement by one man on trial who's trying to blame someone else to shift the attention away from himself which carries in the legal weight. now in europe its spanish locksmiths who say they now hold the keys to austerity something used to cooperate any longer with the author who have been reprocessing homes and demanding a change of locks. on artie's website. and in a fight to bring down the crime rate in mexico local authorities destroy thousands of. gun and find out why it r.t. dot com. let's get into it here the r c world update now and some other global news for you will start with venezuela's president hugo chavez he still remain president that is even if he is to will to attend his own swearing in ceremony on tuesday according to the country's vice president nicolas maduro said the supreme court coul
for maximum presidential campaign expenditure and it's twenty two million euros fifty million that's more than double what so this left over money certainly didn't go towards a campaign but instead ended up in someone's pocket but tangible proof is needed as of now there is only a statement by one man on trial who's trying to blame someone else to shift the attention away from himself which carries in the legal weight. now in europe its spanish locksmiths who say they now hold the keys to...
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Jan 4, 2013
01/13
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the euro yen is quoted at 114.14 to 19. let's look at other markets. south korea's kospi trading lower by half a percent. the bench market index is trading lower by a quarter of a percent. asia plays an important role in the economy. starting today we'll bring you a series of interviews with business and financial leaders. we spoke with him about growth and where to expect it. >> reporter: while the global economic outlook remains uncertain, the asia region remains a bright spot. >> it will recover to some extent. compared with u.s. and europe and also compared with latin america and africa. asia would be the fastest growing economy in the world. >> reporter: in contrast the japanese economy is showing sign s of weakness. the new prime minister says one of his top priority is to pull the nation o of deflation. >> how could jap deal with it? >> i think the monetary policy always has some side effect. i understand. bank of japan not just inflation packet but mobilize and commit self to do in unlimited way. they should do anything and whatever amount. >>
the euro yen is quoted at 114.14 to 19. let's look at other markets. south korea's kospi trading lower by half a percent. the bench market index is trading lower by a quarter of a percent. asia plays an important role in the economy. starting today we'll bring you a series of interviews with business and financial leaders. we spoke with him about growth and where to expect it. >> reporter: while the global economic outlook remains uncertain, the asia region remains a bright spot. >>...
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the former president nicolas sarkozy received fifty million euros in campaign finances from the late libyan leader moammar gadhafi this is of course years before helping to topple him the allegations were made by a lebanese born businessman while on trial in a separate money laundering case of christophe the chief editor of french weekly l'express says that while the allegations are to be taken seriously at this point no proof is yet been presented. it's true that libya under gadhafi must have generated lots of dirty money with a system in place and poured cash into western countries look at this alleged contribution to sarkozy's campaign thirty million euros for maximum presidential campaign expenditure is twenty two million years fifty million that's more than double what it was so this left over money certainly didn't go towards a campaign but instead ended up in someone's pockets but tangible proof is needed as of now there is only a statement by one man on trial who's trying to blame someone else to shift the attention away from himself which carries no legal weight. to it into
the former president nicolas sarkozy received fifty million euros in campaign finances from the late libyan leader moammar gadhafi this is of course years before helping to topple him the allegations were made by a lebanese born businessman while on trial in a separate money laundering case of christophe the chief editor of french weekly l'express says that while the allegations are to be taken seriously at this point no proof is yet been presented. it's true that libya under gadhafi must have...
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Jan 21, 2013
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i have a 170 euro price target on that stock. i think this is a name which has huge potential still, it has great momentum. and there's still margins with a lot of upside potential relative to the peer group. despite all of that, it's trading on a 20% to 25% discount to its peer group if you strict out the luxury component and i think it's university jujustifi. >> do you have a accelerating? >> i do have a accelerating on adidas. it's clearly an athletic company. i think it's facing difficult comparatives from the events of the first half of last year and it has some problems to resolved with reebok, its underperforming brand. >> we'll leave it there, then. allegra perry from cantor fitzgerald. potentially maybe richemont stocks on sales. >>> now, the growth mortgage lending figures we were expecting. they showed an increase of 11.7 billion pounds, this compared with 12.7 billion in november. so a deceleration in terms of mortgage lending during the holiday period. current account holdings, that's when the european central banks
i have a 170 euro price target on that stock. i think this is a name which has huge potential still, it has great momentum. and there's still margins with a lot of upside potential relative to the peer group. despite all of that, it's trading on a 20% to 25% discount to its peer group if you strict out the luxury component and i think it's university jujustifi. >> do you have a accelerating? >> i do have a accelerating on adidas. it's clearly an athletic company. i think it's facing...
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there's a special case which is why the country secured this deal on its crippling sixty four billion euro bank debt it's going to be able to retain the status of coming expect to see it eventually fall apart of countries like greece though what do you think's ahead well i think there's a lot of propaganda thrown in that position within ireland at the moment and how it is doing and i think that's basically it all took trying to keep a very disgruntled public happy because i think a lot of people are aware now that there is the army people on the street that are paying the car out of billing out german and british banks and the army people are footing the bill and so i think there's quite a lot of discontent and i think that the objective of the e.u. propaganda machine is to ensure that people really don't the pastor very basic just sad that has been part of this whole issue of how the e.u. is actually forcing ireland to. it for reckless lending by german and other european banks but what is the solution i'm well i thought were a lot of us feel very much that it's on the taxpayer who had no
there's a special case which is why the country secured this deal on its crippling sixty four billion euro bank debt it's going to be able to retain the status of coming expect to see it eventually fall apart of countries like greece though what do you think's ahead well i think there's a lot of propaganda thrown in that position within ireland at the moment and how it is doing and i think that's basically it all took trying to keep a very disgruntled public happy because i think a lot of...
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the maximum presidential campaign expenditure is twenty two million euros fifty million that's more than double so this left over money certainly didn't go towards the campaign but instead ended up in someone's pocket but tangible proof is needed as of now there's only a statement by one man on trial who's trying to blame someone else to shift the attention away from himself which carries no legal weight. it's good to have you with us here on r.t. today and it's spanish locksmiths who say they hold the keys to austerity it's often used to cooperate with authorities possessing holmes and demanding a change of details on that on our website. and in a fight to bring down the crime rate in mexico local authorities destroy. us. french movie icon brigitte bardot has praised president putin for doing more to protect animals than all french presidents put together about it was a well known animal rights defender and is threatening to quit her country and ask for russian citizenship if. follow through with a plan to put down. the actress to threaten to apply for russian citizenship and frenc
the maximum presidential campaign expenditure is twenty two million euros fifty million that's more than double so this left over money certainly didn't go towards the campaign but instead ended up in someone's pocket but tangible proof is needed as of now there's only a statement by one man on trial who's trying to blame someone else to shift the attention away from himself which carries no legal weight. it's good to have you with us here on r.t. today and it's spanish locksmiths who say they...
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cash into western countries look at the solution contribution to sarkozy's campaign fifteen million euros the maximum presidential campaign expenditure allowed is twenty two million years fifty million that's more than double what it would be so this leftover money certainly didn't go towards a campaign but instead ended up in someone's pockets the proof is needed as of now there is only a statement by one man on trial who's trying to blame someone else to shift the attention away from himself which carries a legal weight if you will in time now to take a look at some other stories from around the globe there is a vice president says that president could be sworn in by their supreme is that we're not at a later date he's not able to take the oath of office next will look at us and he was kind of made conflicting reports on charges says health has severe respiratory complications following a lung infection called during his cancer treatment in cuba venezuela a little says that if the president is unable to be present during his inauguration a new election must be announced within thirty da
cash into western countries look at the solution contribution to sarkozy's campaign fifteen million euros the maximum presidential campaign expenditure allowed is twenty two million years fifty million that's more than double what it would be so this leftover money certainly didn't go towards a campaign but instead ended up in someone's pockets the proof is needed as of now there is only a statement by one man on trial who's trying to blame someone else to shift the attention away from himself...
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is waiting to hear the news that might support claims that nicolas sarkozy accepted fifteen million euros from lawmakers to finance his presidential election campaign. so how much does it take to get into russian politics how many hours of hard work and how many patriotic deeds does it take to become one of the people who make the decisions in the world's largest country well i'll tell you how much it takes exactly seven point five million euros russia's federal investigative committee has a stablish that allegedly hey of constantine should show of from fear russia and the commies prospectively promised for a fee to get a businessman on to their party's electoral lists giving him a spot in the lower house of the duma the investigators have forwarded the state duma an official request to strip the two m.p.'s of their parliamentary immunity and you're darn right they better street have their parliamentary immunity stripped i mean what's worse than government corruption some people in the government being so corrupt they can actually sell the government itself to someone for a fee so positio
is waiting to hear the news that might support claims that nicolas sarkozy accepted fifteen million euros from lawmakers to finance his presidential election campaign. so how much does it take to get into russian politics how many hours of hard work and how many patriotic deeds does it take to become one of the people who make the decisions in the world's largest country well i'll tell you how much it takes exactly seven point five million euros russia's federal investigative committee has a...
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Jan 3, 2013
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inevitably, they'll have to buy some euros. but the down side of the euro is that it's a really mediocre economy. and it's hard to get excited about eurozone investments except in terms of convergence playes and so on. so i think the euro is going to have a hard time raking 1.35 and probably won't go below 1.25 over the next year. there are much more interesting currency toes trade. >> we'll get on to that. but the economy and asset markets, clearly the impact on german equities, up 29% last year. also, in europe, you've got yield plays, right? if you're buying italian debt, you're getting a really good yield play. is it such a disconnect between the fundamentals and sentiment and asset prices? >> well, except asset prices were largely driven last year by the fears that the eurozone was going to fall apart. now that, you know, some of those fears have been put to rest, at least in the short-term, investors are kind of buying back a bit of what they sold. so it doesn't mean that things are good. it just means that they're not as
inevitably, they'll have to buy some euros. but the down side of the euro is that it's a really mediocre economy. and it's hard to get excited about eurozone investments except in terms of convergence playes and so on. so i think the euro is going to have a hard time raking 1.35 and probably won't go below 1.25 over the next year. there are much more interesting currency toes trade. >> we'll get on to that. but the economy and asset markets, clearly the impact on german equities, up 29%...
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cash into western countries look at this alleged contribution to sarkozy's campaign fifteen million euros for maximum presidential campaign expenditure and it's twenty two million years fifty million that's more than double so this left over money certainly didn't go towards a campaign but instead ended up in someone's pockets the tangible proof is needed as of now there's only a statement by one man on trial who's trying to blame someone else to shift the attention away from himself which carries the legal weight of the world coming up to eighteen minutes past the hour now in the russian capital still to come on the program the online hacktivist keep. the government i don't appreciate people hacking us social justice is a real thing and so something has to be done if we have the means to do it and we should do it. resident people in new york their feelings on a prominent group of hackers who vowed to be very active in twenty thirty minutes just ahead here on r.t. . and now to some other stories making headlines around the world at this stage of the day in a world update a standoff betwee
cash into western countries look at this alleged contribution to sarkozy's campaign fifteen million euros for maximum presidential campaign expenditure and it's twenty two million years fifty million that's more than double so this left over money certainly didn't go towards a campaign but instead ended up in someone's pockets the tangible proof is needed as of now there's only a statement by one man on trial who's trying to blame someone else to shift the attention away from himself which...
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euro zone cuts the cuts and lifts austerity. but the news of austerity only tightened as deep public sector cuts brought thousands of angry demonstrators to the streets of greece spain italy and portugal . the worst economic crisis of a generation has battered the european union's very foundations exacerbating tensions between member states but some regions now desperately wanting out i grew up in a europe that was divided from east to west but i'm now living in a europe that is divided from old to self never at any point in the history of this union has there been more discord of rank that we cover to go corporate cash band for the campaign coffers as part of the us political please. know we here for u.k. british quit the european union. we can. get ecuador's london embassy where he's been granted asylum he continues to fight extradition to sweden over alleged sex crimes charges that he says are politically motivated and tied to his work in leaking international government secrets. the power of people speaking up and resisting
euro zone cuts the cuts and lifts austerity. but the news of austerity only tightened as deep public sector cuts brought thousands of angry demonstrators to the streets of greece spain italy and portugal . the worst economic crisis of a generation has battered the european union's very foundations exacerbating tensions between member states but some regions now desperately wanting out i grew up in a europe that was divided from east to west but i'm now living in a europe that is divided from...
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former french president nicolas sarkozy legibly received over fifty million euros in a legal campaign money from the late libyan leader muammar gaddafi and lebanese born businessman who is facing corruption charges says he will provide evidence in a french court some of the claims of previously be made by other witnesses. who is chief editor of weekly magazine l'express says if these allegations are proved to be true they could uncover a deeper trend of corruption. it's true that libya under gadhafi must have generated lots of dirty money with a system in place and poured cash into western countries look at this alleged contribution to sarkozy's campaign fifteen million euros for the presidential campaign expenditure is twenty two million years fifty million that's more than double the leftover money certainly didn't go towards a campaign but instead ended up in someone's pockets but tangible proof is needed as of now there's only a statement by one man on trial who's trying to blame someone else to shift the attention away from himself which carries no legal weight for the coming up
former french president nicolas sarkozy legibly received over fifty million euros in a legal campaign money from the late libyan leader muammar gaddafi and lebanese born businessman who is facing corruption charges says he will provide evidence in a french court some of the claims of previously be made by other witnesses. who is chief editor of weekly magazine l'express says if these allegations are proved to be true they could uncover a deeper trend of corruption. it's true that libya under...